07 September 2021
Allianz Australia and its subsidiary AWP have been ordered by the Federal Court to pay $1.5 million for mis-selling travel insurance policies through Expedia websites, after proceedings taken by the corporate regulator...
07 September 2021
Global property and casualty premiums are expected to more than double to $US4.3 trillion in 2040 compared to levels last year, with economic growth and climate impacts driving increases, Swiss Re says in its latest Sigma report...
07 September 2021
An insurer has been ordered to pay a motor claim despite the policyholder’s failure to provide information about a previous drug conviction...
03 September 2021
While the last financial year was “improved”, the Australian general insurance industry continues to face major challenges, actuarial consultancy Taylor Fry says...
03 September 2021
Removal of flammable cladding from apartment blocks under the NSW Government Project Remediate program will commence following the summer holiday period, after it was previously expected work would begin by the end of this year...
03 September 2021
Bermuda-based specialty lines insurer Arch Capital Group is looking to further grow its presence in Australia after completing its acquisition of Westpac’s lenders’ mortgage insurance unit for $350 million at book value...
03 September 2021
An RAC Insurance customer who made an unsuccessful claim for repairs to his residential property’s blocked sewage pipes has failed in his dispute with the insurer...
02 September 2021
Hurricane Ida insured losses could reach $US15-25 billion based on early estimates, with the storm likely to be a major event for the reinsurance sector, S&P Global Ratings says...
02 September 2021
Firemark Ventures, IAG’s corporate venture capital arm, has made its first investment in Internet of Things technology with the acquisition of a minority stake in Myriota...
02 September 2021
The Bureau of Meteorology is predicting “widespread damaging winds” and potential flooding across several states over the next two days...
02 September 2021
Suncorp has won a claim dispute after a woman was involved a car accident when she chose to drive home after three glasses of white wine at a barbecue...
01 September 2021
Australia’s four largest insurers are among leading companies that have signed an “open letter from the business community” urging governments to work together to implement the national plan for charting a path out of the current COVID-19 lockdowns...
01 September 2021
The Star Entertainment Group has lodged an appeal against a Federal Court decision that found insurers including Chubb did not have to cover a business interruption claim for losses resulting from COVID-19 restrictions...
01 September 2021
Allianz Australia says it has seen a rise in workplace-related mental health claims, a sign that the pandemic continues to strain employee wellbeing across the country...
01 September 2021
The latest and improved industry statistics from the Australian Prudential Regulation Authority are the main topic on this week's edition of the Insurance News podcast...
31 August 2021
Insurers have received an influx of early claims and expect many more to be lodged after torrential rainfall overnight caused severe flooding and damage in West Auckland, hitting a region that remains under stringent COVID-19 restrictions...
31 August 2021
Hollard-backed Open, the insurtech behind the Huddle brand, is gearing up to launch in New Zealand this Christmas period and in the UK next year after raising $31 million in new capital from investors...
31 August 2021
The Australian Financial Complaints Authority has ruled in favour of a Community Broker Network authorised representative after a dispute sparked when a truck was damaged during a brief period when the vehicle had been removed from a policy...
31 August 2021
Zurich Australia and New Zealand is offering four weeks paid leave and other support measures under a gender affirmation policy that represents another step in facilitating a diverse and inclusive workplace...
27 August 2021
The Tasmanian Government has opened consultations on proposed fire and emergency services reforms that include ending funding provided through a levy on insurance premiums...